Your Florida Funcoast Specialist
9 Deadly Mistakes Sellers Make
Mistake #1. Complacent marketing when selling a home
When selling your home there are no guarantees that the ultimate buyer of your home will have simply walked through the front door. In many cases you may have to bring your home to the buyer. Effective marketing will help ensure that your property receives maximum exposure to attract a ready, willing and able buyer in the shortest period of time. Ask your REALTOR® to list for you all the ways he/she intends to MARKET your home and on what time-line. Also, be sure to ask about your home being ADVERTISED in the Guide to Homes Plus, Digest of Homes, Homes & Land,and the Daytona Beach News-Journal, well as more than 20 different INTERNET sites, including two personal web sites. Only Diane Kirvan offers this phenomenal array of advertising which will give your property MAXIMUM MARKETING EXPOSURE to sell your property for the BEST PRICE and as quickly as possible.
Mistake #2. Taking "curb appeal" of your home for granted
When you're preparing your house for sale, remember the importance of first impressions. A buyer's first impression can make or break whether they even want to go inside for a look. It is estimated that more than half of all houses are sold before the buyers even get out of their cars. With that in mind, be sure to stand outside of your home and take a realistic "fresh look" and then ask yourself what can be done to make the "curb appeal" improve. Also ask your REALTOR'S® opinion as to how to improve the the curb appeal. It could make a huge difference in your final sales price.
Mistake #3. Forgetting about health and safety issues
Be upfront and disclose to your REALTOR® any problems with the property. The problems are going to be discovered anyway by a thorough home inpspection process. A decade ago, health and safety issues were rarely a part of the typical real estate transaction. Today, however, it's common for inpsections relating to health, safety and even environmental issues to be a part of most sales contracts. Moreover,in many states, the seller must dislose to the buyer any knowledge of existing property problems. Possible existence of mold, lead-based paint, asbestos or radon gas are the 4 top disclosable health hazards that sellers must disclose if they exist in their property. In many cases, these issues have been or can be factored into the home's listing price.
Mistake #4. Not seeing your home through the buyer's eyes
Remember that although people can be different in personality, they tend to be the same when it comes to expectations at someone else's expense. In other words, a prospective buyer would probably like to see a perfect home from top to bottom, inside and out, when it comes to your home. Try to do as many of the following items as possible to improve the likelihood of your home sale in an expedient way.
On the outside
1) Sweep front walkway
2) Remove newspapers, bikes and toys.
3) Park extra cars away from the property.
4) Trim back the shrubs
5) Apply fresh, clean paint throughout
6) Clean windows and window coverings throughout.
7) Keep plumbing and all appliances in working order.
8) Maintain all sealant (window, tub, shower, sink, etc.) in good condition.
9) Make sure roof and gutters are clean and in good condition.
10) Mow the lawn frequently and plant flowers.
11) Keep pet areas clean
On the inside
1) The kitchen and bathroom should shine
2) Quick once-over with the vacuum; carpets should be clean.
3) Place fresh flowers in the main rooms.
4) Put dishes away, unless setting a formal display for decoration.
5) Make all beds and put all clothes away.
6) Straighten closets.
7)Open drapes and turn on lights for a brighter feel.
8) Put toys away.
9) Turn off the television.
10) Play soft music on the radio or stereo.
11) Keep pets out of the way and pet areas clean and odor-free.
12) Secure jewelry, cash, prescription drugs and other valuables.
13) Enhance the spaciousness of each room.
14) Offensive odors from cooking, pets, cigarette smoke, baby diapers, dirty laundry, mold, as well as the film and dirt they create, can be a "deal breaker" of a sale. Deodorizing, cleaning and even painting the interior of your home and keeping it that way for showings will insure you a quicker and more profitable sale.
Mistake #5. Being home to greet buyers
You will be better served if you allow your REALTOR® to do their job without you there. Most potential buyers usually feel more comfortable if they can speak freely to the real estate professional without the owners being present. If people unaccompanied by an agent request to see your property, you should refer them to your real estate for an appointment.
Mistake #6. Not knowing how to price your home to sell
Perhaps the most challenging aspect of selling a home is listing it at the correct price. It's one of several areas where the assistance of a skilled REALTOR® can more than pay for itself. Listing the home too high can be as bad as listing the house too low. If the listing price is too high, you'll miss out on a percentage of buyers looking in the price range where your should be. This is the flaw in thinking that you'll always have the opportunity to accept a lower offer. Chances are the offers won't even come in, because the buyers who would be most interested in your home have been scared off by the price and aren't even taking the time to look. By the time the price is corrected, you've already lost exposure to a large group of potential buyers. The listing price becomes even trickier to set when prices are quickly rising or falling. It's critical to be aware of where and how fast the market is moving - both when setting the price and when negotiating an offer. Again, an experienced, well-trained REALTOR® is always in touch with market trends - often even to a greater extent than appraisers, who typically focus on what a property is worth if sold as-is, right now.
Mistake #7. Not planning your move early enough
Many sellers simply don't plan their move early enough and then feel totally overwhelmed at the time of moving out of the house. IF you are able to move at any time of the year, don't wait until summer, the peak moving season. Consider also that the first and last days of the month are extra busy. If you plan to sell your house, get it on the market as soon as possible. Keep a record of all expenses related to the move, some of which may be tax deductible. Fill out a personal household Inventory for each room. This is important for establishing the amount of declared valuation for the shipment and as a permanent inventory for insurance purposes. List, as nearly as possible, the year of purchase and original cost of each item. Prepare a separate high-value inventory if the shipment will contain articles of "extraordinary" value. The following list includes items that might fall into this category:
* Antiques
* Art Collections
* Cameras
* China Collections
* Computer Equipment
* Crystal
* Figurines
* Firearms
* Jewelry
* Manuscripts
* Oriental Rugs
* Silver
* Stones or Gems
* Tapestries
* TV's, Stereo and Other Electronics
Also, unless you have been given a binding moving estimate where the firm cost is established in advance, the exact cost of a move cannot be determined until after the shipment has been loaded on the van and weighed. The weight on which charges are based is calculated by weighing the van before and after loading. The total cost of the move will include transportation charges, any charges for declared valuation, plus charges for any extra services performed at your request. All of these charges are based on tariff rate schedules. BE SURE TO THOROUGHLY CHECK OUT YOUR MOVING COMPANIES REPUTATION. THERE ARE A LOT OF SCAMS GOING ON IN THE MOVING INDUSTRY.
Mistake #8. Not property interviewing your REALTOR®
Ask your REALTOR® for their marketing plan, market preparation guide, personal brochure, advertising samples, Internet advertising & web sites, designations, such as CRS, GRI, ABR, SRES as well as their educational and career background, etc. Selling your home, which in many cases is a person's largest investment, should not be trusted to just anyone. Sellers have a right to know the qualifications of the person they will be entrusting the sale of their largest asset to. When working with a REALTOR®, it's critical that you have full confidence in that agent's experience and education. A skilled, knowledgeable REALTOR® should be able to explain to you exactly why your home needs to be priced at a certain level - compared to recent listings and sales of homes similar to yours. Experienced REALTORS® also know exactly what the current pool of buyers are looking for in relation to particular styles and price ranges of properties. A skilled REALTOR® can recommend changes that will enhance the salability of your home, thus increasing the price - and/or decreasing the length of time before a sale. Don't make the mistake of hiring Aunt Mary's friend or Uncle Joe's brother-in-law who just got into the business. Protect and entrust the sale of your largest asset to a true real estate professional, a REALTOR® with a track record of success.
Mistake #9. Using a "real estate agent" instead of a REALTOR
When you're looking for help buying or selling property, it's important to remember that the terms "real estate agent" and "REALTOR" are not synonymous. REALTORS can provide an extra level of service and to be a REALTOR one must be a member of the National Association of REALTORS (NAR). The NAR is a non-profit trade organization that promotes real estate information, education and professional standards. The National Association of REALTORS also has earned a strong reputation for actively championing private property rights and working to make home ownership affordable and accessible. THe NAR member adhere to a strict code of ethics founded on the principle of providing fair and honest service to all consumers. REALTOR business practices are monitored at local board levels. Arbitration and disciplinary systems are in place to address complaints from the public or board members. This local oversight keeps REALTORS directly accountable to the individual consumers they serve and therefore, the consumer is more likely to find better service and accountability by using a REALTOR.